Answer:
raised their tariffs; collapsed
Supply-side policy is designed to a. Move the economy from a point inside the production possibilities curve to a point on the curve and shift the aggregate supply curve to the left. b. Move the economy from a point inside the production possibilities curve to a point on the curve and shift the aggregate supply curve to the right. c. Shift the production possibilities curve outward and shift the aggregate supply curve to the left. d. Shift the production possibilities curve outward and shift the long-run aggregate supply curve to the right.
Answer:
c. Shift the production possibilities curve outward and shift the aggregate supply curve to the left.
Explanation:
A supply-side economist can be defined as economists who believes that the ability and willingness of the producers of goods and services to manufacture or produce sets the pace for the economic growth of a country.
This ultimately implies that, increasing the supply of goods and services would cause an economic growth for a country.
Generally, supply-side economist are of the opinion that one of the best way to grow a country's economy is by introducing tax cuts so as to increase the incentive for households to work and invest.
In Economics, there are primarily two (2) factors which affect the availability and the price at which goods and services are sold or provided, these are demand and supply.
The law of supply states that the higher the price of goods and services, the lower the supply.
An aggregate supply curve gives the relationship between the aggregate price level for goods or services and the quantity of aggregate output supplied in an economy at a specific period of time.
Aggregate supply (AS) refers to the total quantity of output (goods and services) that firms are willing to produce and sell at a given price in an economy at a particular period of time.
The production possibilities curve (PPC) is also known as the production possibilities frontier (PPF) and its a curve which illustrates the maximum (best) combinations of two products that can be produce in an economy if they both depend on these factors;
1. Technology is fixed.
2. Resources are fixed.
Hence, a supply-side policy is designed to shift the production possibilities curve outward and shift the aggregate supply curve to the left.
is management essential in profit organization give reason
Answer:
Yes
Explanation:
Management assists in the achievement of the organizational objectives such as profit. Management needs management that can plan, integrates computation, and integrates the resources as efficiently as possible to achieve goals. Management organizes the unorganized reserves of men, machine tools, money, and so on into productive enterprise.
Ada is the maker of a note, on which Bart is secondarily liable. Credit Instruments Company is the current holder of the note. Bart will be obligated to pay the note if a. Ada defaults on the note. b. Credit Instruments breaches a transfer warranty. c. Credit Instruments presents the note for payment. d. Credit Instruments negotiates the note to Delta Collection Agency, a third party.
Answer:
a. Ada defaults on the note.
Explanation:
An agency can be defined as a mutual relationship existing between two parties, wherein a principal authorizes the agent to act as the principal's representative or on his behalf (fiduciary role) in dealing with third parties.
The parties entering into a contractual agreement are obligated to terminate an agency relationship by placing into the agreement a time period specifying the termination. Thus, when that time elapses or expires, the agency between the parties involved ends. Furthermore, the parties involved may specify the particular purpose for which the agency is established. Once that purpose is achieved, the agency is terminated or ends.
This ultimately implies that, the legal entity or secondary liability (trustee or licensee) would be held responsible for the losses, legal claims and damages incurred by its partner in an agency, whether or not the agent's actions were authorized or unauthorized by the principal.
In this scenario, Ada is the maker of a note, on which Bart is secondarily liable. Also, the current holder of the note is Credit Instruments Company.
Since Bart is secondarily liable to Ada, it will be obligated to pay for any of the notes if Ada defaults on the them.
Hence, a trustee is liable for acts or contracts entered into by an agent when he or she gives an agent either actual authority (power of attorney) or apparent authority.
Best Buy trains its sales staff on Dell computers as well as on Apple computers and also on customer service etiquette. A salesperson at Best Buy speaking with a customer is an example of _______. a. noise b. mass communication c. an interpersonal marketing communication d. indirect communication
Answer:
c
Explanation:
interpersonal marketing communication is the process of exchanging information between two or more people with the aim of marketing a product. Means of communication can be verbal or non verbal.
The four types of interpersonal marketing communication
verballistening writtennon-verbal communication.The sales person is carrying out verbal interpersonal marketing communication
The word local describes:
A. groups of people all over the world.
B. a small community in a specific place.
C. an issue affecting one entire country.
D. communities spanning many countries.
Which of the following will be accomplished by efficient allocations of the factors of production?
Answer:
fulfilling many needs and wants of society
Explanation:
In producing a product during production, it is always important to ask if society needs the product that we are developing. The key to every successful product is to answer whether the consumer meets the needs.
I dont know if this correect....you don't have any options(^^):^>.<
The follow passage describes how a catalytic converter in a car works. The catalytic converter mostly likely was developed in response to?
A) the demand for more energy-efficient cars
B) the demand for increased car engine power
C) a need for lower-priced cars
D) a need to reduce air pollution
Answer:
Its A
Explanation:
Its A
Answer:
A
Explanation:
I did this before
In the first quarter of operation, the Blending Department of ChemUSA produced 50,000 barrels of Compound X and left 20,000 barrels in ending work-in-process inventory which was, on average, 55 percent completed. A total of $231,800 was incurred in that period. There was no beginning work-in-process inventory. Required: 1. Determine the amount of Compound X started in the first quarter. 2. Compute the cost of Compound X transferred to finished goods and the amount of work-in-process inventory as of the end of the first quarter.
Answer:
1. Compound X started in first quarter = 50,000 Barrels + 20,000 Barrels
Compound X started in first quarter = 70,000 Barrels.
2. Finished goods unit = 50,000
Finished goods completed % = 100%
Finished goods equivalent Units = 50,000 * 100% = 50,000
Work in process unit = 20,000
Work in process completed % = 55%
Work in process equivalent Units = 20,000*55% = 11,000
Total Equivalent Unit = 50,000 + 11,000 = 61,000
Cost per equivalent unit = $231800/61000 = $3.80
Total cost = [Finished goods equivalent Units*Cost per equivalent unit] + [Work in process equivalent Units*Cost per equivalent unit]
Total cost = 50,000*$3.80 + 11,000*$3.80
Total cost = $190,000 + $41,800
Total cost = $231,800
Debt-to-equity ratio is:
Question 11 options:
calculated by dividing total liabilities by net worth.
calculated by dividing monthly debt payments by net monthly income.
determined by dividing your assets by liabilities.
rarely used by creditors in determining credit worthiness.
Answer: calculated by dividing total liabilities by net worth.
Explanation:
The debt to equity ratio is used to know how credit worthy a company is. This is gotten by dividing the total liability of a company by the equity of the shareholder.
It should be noted that the debt t equity ratio isn't gotten dividing your assets by liabilities. Therefore, based on the information given above, the answer is A.
Answer:
A
Explanation:
i took the quiz
The manager of the Dinners Delight franchised restaurant chain is in the process of establish quality-control charts for the time that its service people give to each customer. Management thinks the length of time that each customer is given should remain within certain limits to enhance service quality. A sample of 3 service people was selected, and the customer service they provided was observed four times. The activities that the service people were performing were identified, and the time to service one customer was recorded as noted below:
Service Person Sample 1 Sample 2 Sample 3 Sample 4
1 200 150 175 90
2 120 85 105 75
3 83 93 130 150
4 68 150 145 175
5 110 90 75 105
6 115 65 115 125
A sample of six service personnel was observed, and the following customer service times in seconds were recorded: 180, 125, 110, 98, 156, and 190. Is corrective action called for?
Answer:
The behavior is regulated as well as corrective measures are not necessary. A further explanation is provided below.
Explanation:
According to the given,
Mean,
= 143.17
Standard Deviation
= 37.91
Sigma level,
= 3
Now,
The upper control limit will be:
⇒ UCL = [tex]Mean+3SD[/tex]
On putting the values, we get
= [tex]143.17 + (3\times 37.91)[/tex]
= [tex]143.17 + (113.73)[/tex]
= [tex]256.9[/tex]
The lower control limit will be:
⇒ LCL = [tex]Mean-3SD[/tex]
On putting the values, we get
= [tex]143.17 - (3\times 37.91)[/tex]
= [tex]143.17-113.73[/tex]
= [tex]29.44[/tex]
Even though all values are somewhere between LCL as well as UCL. Thus the above is the right answer.
Governments receiving federal grants and contract funds are expected to have an accounting information system with adequate internal controls that can deliver reliable information to compare the actual amount spent with budgeted amounts. True False
Answer:
True.
Explanation:
Financial accounting is an accounting technique used for analyzing, summarizing and reporting of financial transactions like sales costs, purchase costs, payables and receivables of an organization using standard financial guidelines such as Generally Accepted Accounting Principles (GAAP) and financial accounting standards board (FASB).
Internal controls can be defined as the policies, set of rules, and procedures implemented or put in place by an organization to protect its assets, boost efficiency, enhance financial accountability, enforce adherence to company policies and prevent fraudulent behaviors among the employees.
The main purpose of internal controls is to guarantee that loss is eliminated by ensuring that there is an accurate and reliable accounting system.
An internal control involves the timely use of both internal and external sources of auditing or financial reporting and as such enhance the maintenance of accurate and proper financial records which would also improve their operational efficiency.
Hence, internal controls if properly executed helps to increase operational efficiency, protect and safeguard assets, provides accurate financial information, prevents fraudulent or unlawful behaviors, timeliness of financial records and reporting.
In conclusion, it's very important that governments receiving federal grants and contract funds have an accounting information system with adequate internal controls capable of delivering reliable information to compare the actual amount spent with budgeted amounts.
Present Value of an Annuity of 1
Period 8% 9% 10%
1 0.926 0.917 0.909
2 1.783 1.759 1.736
3 2.577 2.531 2.487
A company has a minimum required rate of return of 9%. It is considering investing in a project which costs $240000 and is expected to generate cash inflows of $100000 at the end of each year for three years. The net present value of this project is:________
a. $50000.
b. $25310.
c. $253100.
d. $13100.
Answer:
d. $13,100
Explanation:
Net Present value = [Future Annual cash flows * PVIFA (3, 9%)] - Initial investment
Net Present value = [$100,000*2.531} - $240,000
Net Present value = $253,100 - $240,000
Net Present value = $13,100
Discuss how career choices impact the balance between personal and professional responsibilities. In your response, consider components of your career plan such as the number of years of training and work-life balance.
Answer:
PERFORMANCE TASK NO. 1
Emergency Plan
1. What will you include in your own emergency kit when preparing for a volcanic eruption? Make a poster of
things you should include in your own emergency kit. ( use the half back page of this paper)
2. Make an evacuation plan. Draw a simple map of your home. Mark the exits and trace a path that can reach
the exits at the shortest possible time. Please use the other half back page of this paper.
Indicators
Proficient
3
Non-Proficient
Excellent
4
Category
Progressing
2
Information is organized in a
clear, logical way.
Most information is
organized in a
clear, logical way.
Some information is
logically sequenced.
Content
There is no clear
plan for the
organization of
information.
He/She is able to create a
plan that shows his/her
original and creative ideas,
He/She is able to
create a plan
Originality
He/She is able to
create a plan which is
partly original.
He/She is able to a
create plan copied
from work of others.
Spelling
and
Grammar
Presentation has no
misspellings or grammatical
errors.
Presentation has a
few minor errors
but doesn't distract
from presentation.
Presentation has
frequent grammatical,
and begins to distract
from presentation.
Information has
constant errors and
are distracting from
presentation.
Explanation:
Hello
Answer:
Mainaining a healthy balance between personal and professional responsibilities can be hard when it come to career choices. Sometimes a job requires you to do things that may affect your personal life like long hours or moving to a different location. It can be very diffucult to find a balance and you might go through some tough decisions to get there but once you do it'll be worth it.
Explanation:
In the country of Sildavia, a market basket of goods and services cost $130 in 2003, $140 in 2004, and $160 in 2005. Based on this information and considering 2003 as the base year, the price index in 2005 was
Answer:
the price index is 114.29%
Explanation:
The computation of the price index is shown below;
= Market basket of goods and services cost in the year 2005 ÷ Market basket of goods and services cost in the year 2005
= $160 ÷ $140
= 114.29%
Hence, the price index is 114.29%
Basically we simply applied the above formula
g Suppose that a pizza store sells pizza and French fries, and their opportunity costs are constant. Assume now that one of the ovens broke and the amount of pizza which can be produced per hour decreased. In this case, the opportunity cost of French fries a. Decreases. b. Does not change. c. Increases. d. Can either increase or decrease (need more information).
Answer:
A) Decreases , or D) Can increase or decrease (need more information)
Explanation:
Opportunity Cost is the cost of next best alternative foregone, while choosing an alternative.
Here, Opportunity cost of french fries - is the units of pizza sacrifised while making a unit french fries.
When oven broke, pizza that can be produced decrease.
If oven break effects (negatively) only pizza, & french fries production capacity stays same ie constant - opportunity cost of french fries {ie pizza sacrifised} decreasesIf oven break effects pizza & french fries production capacity both - then opportunity cost of french fries changes (increase or decrease) based on their quantities' relative fall.Budget Performance Reports for Cost Centers Partially completed budget performance reports for Delmar Company, a manufacturer of light duty motors, follow:
Delmar Company
Budget Performance Report—Vice President, Production
For the Month Ended June 30
Plant Actual Budget Over Budget (Under) Budget
Eastern Region $4,200,000 $4,250,000 $(50,000)
Central Region 6,175,000 6,200,000 (25,000)
Western Region (g) (h) $(i)
$(j) $(k) $(l) $(75,000)
Delmar Company
Budget Performance Report—Manager, Western Region Plant
For the Month Ended June 30
Department Actual Budget Over Budget (Under) Budget
Chip Fabrication $(a) $(b) $(c)
Electronic Assembly 2,575,000 2,500,000 75,000
Final Assembly 1,640,000 1,700,000 $(60,000)
$(d) $(e) $(f) $(60,000)
Delmar Company
Budget Performance Report—Supervisor, Chip Fabrication
For the Month Ended June 30
Cost Actual Budget Over Budget (Under) Budget
Factory wages $1,450,000 $1,200,000 $250,000
Materials 1,575,000 1,600,000 $(25,000)
Power and light 945,000 900,000 45,000
Maintenance 330,000 300,000 30,000
$4,300,000 $4,000,000 $325,000 $(25,000)
a. Complete the budget performance reports by determining the correct amounts for the lettered spaces (a-l) as marked above.
b. Complete the following memo to Randi Wilkes, vice president of production for Delmar Company, explaining the performance of the production division for June.
Answer:
Delmar Company
Delmar Company
Budget Performance Report—Vice President, Production
For the Month Ended June 30
Plant Actual Budget Over Budget (Under) Budget
Eastern Region $4,200,000 $4,250,000 $(50,000)
Central Region 6,175,000 6,200,000 (25,000)
Western Region 8,515,000 8,200,000 $375,000
$18,890,000 $18,650,000 $375,000 $(75,000)
Delmar Company
Budget Performance Report—Manager, Western Region Plant
For the Month Ended June 30
Department Actual Budget Over Budget (Under) Budget
Chip Fabrication $4,300,000 $4,000,000 $300,000
Electronic Assembly 2,575,000 2,500,000 75,000
Final Assembly 1,640,000 1,700,000 $(60,000)
$8,515,000 $8,200,000 $375,000 $(60,000)
b. Memo to Randi Wilkes, Vice President
To: Vice President, Production
From: FC
Subject: Budget Performance Report—For the Month Ended June 30
Date: July 3, 2021
The above-mentioned subject refers.
The production division incurred $315,000 more costs than budgeted. The extra costs are reflected in the increasing cost of producing light duty motors in the Western Region. The overall increase is caused by the regional differences in Chip fabrication and Electronic Assembly.
There is a need to review production activities with these two production processes with a view to reducing costs.
Regards,
Explanation:
a) Data and Calculations:
Delmar Company
Budget Performance Report—Vice President, Production
For the Month Ended June 30
Plant Actual Budget Over Budget (Under) Budget
Eastern Region $4,200,000 $4,250,000 $(50,000)
Central Region 6,175,000 6,200,000 (25,000)
Western Region (g) (h) $(i)
$(j) $(k) $(l) $(75,000)
Delmar Company
Budget Performance Report—Manager, Western Region Plant
For the Month Ended June 30
Department Actual Budget Over Budget (Under) Budget
Chip Fabrication $(a) $(b) $(c)
Electronic Assembly 2,575,000 2,500,000 75,000
Final Assembly 1,640,000 1,700,000 $(60,000)
$(d) $(e) $(f) $(60,000)
Delmar Company
Budget Performance Report—Supervisor, Chip Fabrication
For the Month Ended June 30
Cost Actual Budget Over Budget (Under) Budget
Factory wages $1,450,000 $1,200,000 $250,000
Materials 1,575,000 1,600,000 $(25,000)
Power and light 945,000 900,000 45,000
Maintenance 330,000 300,000 30,000
$4,300,000 $4,000,000 $325,000 $(25,000)
a. = $4,300,000
b. = $4,000,000
c. = $300,000 ($325,000 - $25,000)
d. = $8,515,000 ($4,300,000 + 2,575,000 + 1,640,000)
e. = $8,200,000 ($4,000,000 + 2,500,000 + 1,700,000)
f. = $375,000 ($300,000 + 75,000)
g. = $8,515,000
h. = $8,200,000
i. = $375,000
j. = $18,890,000 ($4,200,000 + 6,175,000 + 8,515,000)
k. = $18,650,000 ($4,250,000 + 6,200,000 + 8,200,000)
l. = $375,000
In this exercise we have to use our knowledge of finance, that is, from the given budget we will have to fill in the values correctly, in this way we have that it will correspond to :
a) [tex]\$4,300,000[/tex]
b) [tex]\$4,000,000[/tex]
c) [tex]\$300,000[/tex]
d) [tex]\$8,515,000[/tex]
e) [tex]\$8,200,000[/tex]
f) [tex]\$375,000[/tex]
g) [tex]\$8,515,000[/tex]
h) [tex]\$8,200,000[/tex]
i) [tex]\$375,000[/tex]
j) [tex]\$18,890,000[/tex]
k) [tex]\$18,650,000[/tex]
l) [tex]\$375,000[/tex]
b. The creating of goods estrangement bring upon oneself $315,000 more costs than budgeted. The extra costs happen reflected fashionable the becoming larger cost of bearing light moral obligation motors fashionable the Western Region. The overall increase happen bring about by the characteristic of a region opposing views fashionable Chip lie and Electronic Assembly.
So now, taking the budget informed in the texts we find that:
| Department | Actual | Budget | Over | (Under) Budget |
|--------------------------------|--------------------|------------------|----------------|----------------|
| Chip Fabrication | 4,200,000 | 4,250,000 | | 50,000
| Electronic Assembly | 6,175,000 | 6,200,000 | | 25,000
| Final Assembly | (g) | (h) | (i) |
| Total | (j) | (k) | (l) | 75,000
Now doing the calculations of each alternative previously informed we find that:
[tex]g) $8,515,000\\h) $8,200,000\\i) $375,000\\j) ($4,200,000 + 6,175,000 + 8,515,000)= $18,890,000\\k) ($4,250,000 + 6,200,000 + 8,200,000)= $18,650,000\\l) $375,000[/tex]
So now, taking the budget informed in the texts we find that:
| Department | Actual | Budget | Over Budget | (Under) Budget |
|---------------------------|------------------|-----------------|--------------------|----------------|
| Chip Fabrication | (a) | (b) | (c) | 75,000
| ElectronAssembly | 6,175,000 | 6,200,000 | | 25,000
| Final Assembly | 1,640,000 | 1,700,000 | (60,000
| Total | (d) | (e) (f) | 60,000
Now doing the calculations of each alternative previously informed we find that:
[tex]a) $4,300,000\\b) $4,000,000\\c) ($325,000 - $25,000)=$300,000\\d)($4,300,000 + 2,575,000 + 1,640,000)= $8,515,000\\e) ($4,000,000 + 2,500,000 + 1,700,000)=$8,200,000\\f) ($300,000 + 75,000)=$375,000[/tex]
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A truck driver fell asleep at the wheel and his freight truck tipped over, leaking ammonia into the air and requiring an evacuation of everyone within 1 mile. The driver was later sued. A Police Detective named Emilio and a Defense Attorney named Beth were both assigned to work on the case.
Which tasks would Emilio and Beth complete while working on the case?
a) Emilio would respond to the emergency to interview witnesses and examine evidence, which Beth would use to represent the defendant in court.
b) Beth would respond to the emergency, both would interview witnesses and examine evidence, and Emilio would represent the defendant in court.
c) Emilio would respond to the emergency, both would interview witnesses and examine evidence, and Beth would represent the defendant in court.
d) Beth would respond to the emergency to interview witnesses and examine evidence, which Emilio would use to represent the defendant in court.
Answer:
its c
Explanation:
Answer:
Its C
Explanation:
Kendall, who just moved into his new farm, notices his neighbor comes onto Kendall’s property every Sunday morning, goes fishing at the lake, and picks apples from Kendall’s apple tree. Kendall is aware that the neighbor has an easement to cross his property to access the lake, but the neighbor tells Kendall he can take as many apples as he wants. Is the neighbor correct?
[tex]\huge\color{purple}{\mathbb{ANSWER:}}[/tex]
No, his neighbor should ask for permission first befor coming to Kendall's property. His neighbor must know how to respect Kendall's privacy. He should know his limits.
A development right or easement granted to one party by another that provides access to and from private lands.
No, even though the easement allows the neighbor to utilize the land, he is not permitted to take anything from it.
Therefore, If the only way to get to a piece of land is to pass through your property, the law recognizes an easement that allows access over your property.
This is referred to as "comfort by necessity." When land is subject to such an easement, the landowner is not allowed to interfere with the legal rights of the neighbor.
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Sheila decides to invest some of her money. She doesn't like to take big risks, and she wants to be able to access all of her money at all times. She also doesn't mind not earning much interest. Sheila should invest her money in a
Answer:
Debt security
Explanation:
In simple words, debt security is the ideal security for sheila in this case. Debt securities holders are considered as debtors of an organisations, in case of any default debt holders have prior claim on assets, making them more secure.
Due to low risks debt holders do not get very high return but the debt securities can be sold into share market at any time, making them highly liquid.
Advantages and disadvantages of direct and indirect tax (each)
Answer:
Thus, indirect taxes have both advantages and disadvantages, but no one can deny that they are important to generate revenue. While direct taxes can be collected from the rich, indirect taxes give an opportunity to the poor to contribute in their own small way. So both have their own place in the economy.
Explanation:
I hope this helps
Sarjit Systems sold software to a customer for $166,000. As part of the contract, Sarjit promises to provide "free" technical support over the next six months. Sarjit sells the same software without technical support for $144,000 and a stand-alone six-month technical support contract for $36,000, so these products would sell for $180,000 if sold separately. Prepare Sarjit’s journal entry to record the sale of the software.
Answer:
Dr Cash $166,000
Cr Deferred revenue $33,200
Cr Sales revenue $132,800
Explanation:
Preparation of Sarjit’s journal entry to record the sale of the software.
Dr Cash $166,000
Cr Deferred revenue $33,200
($166,000 × 20%)
Cr Sales revenue $132,800
($166,000 × 80%
Workings:
First step is to calculate the total fair values percentage
Total fair values percentage= ($144,000 ÷ [$36,000 + $144,000])
Total fair values percentage=80%
Second step is to calculate the technical support percentage
Technical support percentage=($36,000 ÷ [$36,000 + $144,000]).
Technical support percentage=20%
Now let calculate the amount recognized and the remaining amount recognized
Recognize amount= ($166,000 × 80%)
Recognize amount=$132,800
Remaining amount recognized= ($166,000 × 20%)
Remaining amount recognized=$33,200
WILL GIVE BRAINLIEST!! (PERSONAL AND FAMILY FINANCE)
Lavonda wants to become a famous singer. She meets with an agent in New York City who tells her that he will represent her in return for 10 percent of everything she earns. Lavonda agrees, and they write down these shared expectations and demands. What type of written agreement does this describe?
A.
contract
B.
power of attorney
C.
living will
D.
insurance policy
Contract agreement this describe.
Am my answer is right?
If the cost of a package of 12 hamburger buns was $2.49, what would the unit price of one hamburger bun be?
Which of the following is an example of being proactive in recruiting
Answer:
A. Attending local conferences to scan for new talent
Explanation:
i just took the quiz
An example of being proactive in recruiting is attending local conferences to scan for new talent.
What do you mean by proactive recruitment?It refers to the process of engaging and identifying with the candidates long before any position comes.
The major example of being proactive in recruiting is attending the local conferences to scan for the new talent.
Therefore, A is the correct option.
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g jimmy is an employee of Roofing, Inc., which is performing a contract for the federal government. Jimmy learns that Roofing, Inc. has been overcharging for the work. If he publicly reports the fraud, the Whistle-Blower law may protect him from being fired from his job. With respect to the employment-at-will doctrine, this is Group of answer choices an exception based on a statute. an exception based on public policy. an exception based on contract theory. an example of the doctrine.
Answer:
The correct answer is the option second option: An exception based on public policy.
Explanation:
To begin with, inside the area of the United States' Law the term of "employment-at-will" refers to a doctrine that allows the employer and employee to work together in an indefinite period of time and let them both being able to terminate the contract without any necessary fair cause. It is an unique U.S.' construct because in the majority of the countries worldwide the government asks for a reason to fire someone or even to stop working for someone. However, there exceptions to the rule that goes against this doctrine, one of them is the case of the exception based on public policy that consider the fact of unable the employer to fired the employee in the cases where the last states a violation to a law and other cases.
On January 1, 2017, Walker Sales issued $30,000 in bonds for $23,300. These are eight-year bonds with a stated rate of 11%, and pay semiannual interest. Walker Sales uses the straight-line method to amortize the bond discount. After the second interest payment on December 31, 2017, what is the bond carrying amount
Answer:
Walker Sales
The bond carrying amount on December 31, 2017 is:
= $30,838.
Explanation:
a) Data and Calculations;
Face value of bonds = $30,000
Proceeds from the bonds issue on January 1, 2017 = $23,300
Bonds discount = $6,700 ($30,000 - $23,300)
Stated interest rate = 11%
Semiannual payment = $1,650 (30,000 * 5.5%)
Semi-annual amortization of discount = $419 ($6,700/16)
June 30, 2017:
Interest expense $2,069
Cash payment 1,650
Amortization of discount = $419
Fair value of bonds = $30,419
December 31, 2017:
Interest expense $2,069
Cash payment 1,650
Amortization of discount = $419
Fair value of bonds = $30,838
Sheffield Co. uses the gross method to record sales made on credit. On July 1, 2020, it made sales of 83,000 with terms 2/10 n/30. On July 9, 2020, Sheffield received full payment for the July 1 sale. Prepare the required journal entries for Sheffield Co. (Credit account titles are automatically indented when the amount is entered. Do not indent manually.)
Answer:
July 1
Dr r Accounts Receivable $83,000
Cr Sales Revenue $83,000
July 9
Dr Cash $81,340
Dr Sales Discount $1,660
Cr Accounts Receivable $83,000
Explanation:
Preparation of the required journal entries for Sheffield Co.
July 1
Dr r Accounts Receivable $83,000
Cr Sales Revenue $83,000
July 9
Dr Cash $81,340
[($83,000 -($83,000 *.02)]
Dr Sales Discount $1,660
($83,000-$81,340)
Cr Accounts Receivable $83,000
The price of a stock, which pays no dividends, is $30 and the strike price of a one year European call option on the stock is $25. The risk-free rate is 4% (continuously compounded). Which of the following is a lower bound for the option such that there are arbitrage opportunities if the price is below the lower bound and no arbitrage opportunities if it is above the lower bound?
A. $5.00
B. $5.98
C. $4.98
D. $3.98
E. $5.34
Answer:
B. $5.98
Explanation:
Calculation to determine the lower bound for the option
Using this formula
Lower Bound =Stock Price -Strike Price*e^(-rt)
Where,
Time years =1
Stock Price =$30
Strike Price =$25
Let Plug in the formula
Lower Bound=$30-$25*e^(-4%*1)
Lower Bound =5.98
Therefore the lower bound for the option is 5.98
On January 1, Year 1, McClurg Corporation issues 5%, 11-year bonds with a face amount of $70,000 for $76,180. The market interest rate is 4%. Interest is paid semiannually on June 30 and December 31. Complete the necessary journal entry for the issuance of the bonds by selecting the account names from the drop-down menus and entering the associated dollar amounts. Record the issuance of 5%, 11-year bonds with a face value of $70,000 for $76,180
Answer and Explanation:
The journal entry to record the issuance of the bond is given below:
cash $76,180
To premium on bonds payable $6,180 ($76180 - $70000)
To bonds payable $70,000
(Being the issuance of the bond is recorded)
here the cash is debited as it increased the assets and credited the premium on bond payable & bond payable as it also increased the liabilities
The government has the ability to influence the level of output in the short run using monetary and fiscal policy. There is some disagreement as to whether the government should attempt to stabilize the economy. Which of the following statements about the debate over stabilization policy are correct?
a. Advocates of active stabilization policy believe that the government can adjust monetary and fiscal policy to counteract waves of excessive optimism and pessimism among consumers and businesses.
b. Advocates of active stabilization believe that implementation lags for fiscal and monetary policy do not exist.
c. Opponents of active stabilization believe that active fiscal and monetary policies have no effect on aggregate demand.
d. Opponents of active stabilization policy believe that significant time lags in both fiscal and monetary policy often exacerbate economic fluctuations.
Answer:
a. Advocates of active stabilization policy believe that the government can adjust monetary and fiscal policy to counteract waves of excessive optimism and pessimism among consumers and businesses.d. Opponents of active stabilization policy believe that significant time lags in both fiscal and monetary policy often exacerbate economic fluctuations.Explanation:
Those who believe the government should engage in stabilization policies believe that it is necessary for the government to do so because it would limit the excessive sentiments of consumers and businesses such as optimism and pessimism which affect the economy significantly as they govern consumer behavior and can either overheat the economy or lead to it underperforming.
Opponents however believe that the time it takes between the implementation of such policies and the time the policy's effects are seen, lead to worse economic fluctuations that could be avoided if the government simply stopped trying to stabilize the economy.